Brokerages Set Celestica Inc. (TSE:CLS) Price Target at C$127.00

Shares of Celestica Inc. (TSE:CLS) (NYSE:CLS) have earned an average recommendation of “Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and four have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$127.00.

CLS has been the topic of several recent research reports. Citigroup upgraded shares of Celestica to a “hold” rating in a research report on Monday, July 21st. BNP Paribas upgraded shares of Celestica to a “strong-buy” rating in a research report on Wednesday, June 11th. Finally, TD Securities upgraded shares of Celestica to a “hold” rating in a research report on Friday.

Celestica Trading Down 6.9%

Shares of TSE:CLS opened at C$326.12 on Friday. The company has a market cap of C$37.51 billion, a PE ratio of 71.05, a P/E/G ratio of 0.14 and a beta of 1.65. The company’s 50-day moving average price is C$302.73 and its 200 day moving average price is C$209.26. Celestica has a fifty-two week low of C$70.94 and a fifty-two week high of C$361.83. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72.

About Celestica

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses.